Looking outside just now, burying it in the backyard today was a huge mistake
Are Trump's beautiful tariffs
- Thread starter snarlcakes
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Looking outside just now, burying it in the backyard today was a huge mistake
It was a softball for you. But I want to hear twenty's response. If you think a recession is coming, where do you invest, other than Bitcoin?
Safe haven assets is the historical strategy. Things like gold, precious metals, high rates government bonds.
I've still got my eyes on Mas's compound with his buried gold stash. That heist is my retirement strategy. So that's good.
What about Nakatomi bearer bonds?
I'm the wrong person to ask. I generally don't trade. 3 months ago would have been a great time to get out of the markets and into gold. Not very helpful now🤣 I am annoyed though. These f#ckere telegraphed exactly what they were going to do.
One positive is watching leftist quickly realize taxes suck and b#tching about them.
But @DANC says it's not a tax. So guess it's no big deal to raise money for the govt by making things $5k/household cost more. Because it's not a tax.
Show me on your tax forms where you paid a 'tariff tax'.
You are really a stubborn mule
Enjoy running a company that imports anything and let's pretend you aren't taxed
@crazed_hoosier2 maybe you can talk sense into this world class moron about how business really works.
Here’s why Trump 2.0 will not be a fatal blow to international trade.
First, the importance of the US to global trade can be overstated, since it is the world’s largest economy. America accounts for just 13 per cent of global goods imports — down from close to one-fifth two decades ago. That makes it the largest importer and a notable influence on trade patterns, but not sufficient to reverse globalisation on its own.
Simon Evenett, professor at the IMD Business School, recently ran a helpful thought experiment. He found that even if the US cut off all goods imports, 70 of its trading partners would fully make up their lost sales to the US within one year, and 115 would do so within five years, assuming they maintained their current export growth rates to other markets.
The US isn’t the main driver of global trade growth. Europe — and more recently China — are bigger contributors. And both economic powers are likely to continue advocating for free trade, according to recent analysis by Mallika Sachdeva, a strategist at Deutsche Bank Research.
First, the importance of the US to global trade can be overstated, since it is the world’s largest economy. America accounts for just 13 per cent of global goods imports — down from close to one-fifth two decades ago. That makes it the largest importer and a notable influence on trade patterns, but not sufficient to reverse globalisation on its own.
Simon Evenett, professor at the IMD Business School, recently ran a helpful thought experiment. He found that even if the US cut off all goods imports, 70 of its trading partners would fully make up their lost sales to the US within one year, and 115 would do so within five years, assuming they maintained their current export growth rates to other markets.
The US isn’t the main driver of global trade growth. Europe — and more recently China — are bigger contributors. And both economic powers are likely to continue advocating for free trade, according to recent analysis by Mallika Sachdeva, a strategist at Deutsche Bank Research.
Show me on your tax forms where you paid a sales tax.
They think you’re stupid. Yes, some of you are. But for those who aren’t…
I wonder how we have a deficit with Heard and MacDonald Islands since they are uninhabited?
Trump Imposes Tariffs On Uninhabited Heard And McDonald Islands—‘Remotest Places On Earth’
The islands are located in an exceptionally stormy and remote region north of Antarctica.
www.forbes.com
Can never go wrong with hookers and cocaine.cochise.
If that's to risky, Indiana NIL football works too.
Trump could literally nominate piles of crap for his cabinet positions and CO would claim it was an awesome team he put together.
Apparently no experience and being nothing but Trump's "yes men" are positive job qualifications. Who knew
The Wall Street Journal:
“There will certainly be higher costs for American consumers and businesses. Tariffs are taxes, and when you tax something you get less of it. Car prices will rise by thousands of dollars, including those made in America. Mr. Trump is making a deliberate decision to transfer wealth from consumers to businesses and workers protected from competition behind high tariff walls. Over time this will mean the gradual erosion of U.S. competitiveness.”
“There will certainly be higher costs for American consumers and businesses. Tariffs are taxes, and when you tax something you get less of it. Car prices will rise by thousands of dollars, including those made in America. Mr. Trump is making a deliberate decision to transfer wealth from consumers to businesses and workers protected from competition behind high tariff walls. Over time this will mean the gradual erosion of U.S. competitiveness.”
I wonder if anyone that argued how they used a brilliant formula will admit to being wrong? Of course not.
And for anyone that didn't go to the Tweet, they also slapped 10% on countries we have a surplus. To drive that home,
The US has a trade surplus in goods with the UK of $11.9bn compared with imports of $68.1bn and US exports to the UK of $79.9bn.
That leaves the US charging a 15pc tariff “rate” on the UK.
The simple maths behind Trump’s ‘sum of all cheating’ tariffs claim
Donald Trump claimed he was being “kind” when he announced the biggest shift in US trade policy in a century.
www.yahoo.com
Look, OLD money bitch. OLD. Like the houses. And............the ladies. Oh yeah.Bok Choy on the East side of Carmel?
One of the more egregious examples is Bangladesh. Apparently their average tariff is around 10%. However, because of the way these idiots calculated the new U.S. tariffs, imports from Bangladesh will be hit with a 37% tariff. All because an impoverished country, still reeling from a political crisis, does not import enough high priced goods from the U.S. It's not out of the realm of possibilities that this leads to a civil war in Bangladesh (and perhaps other countries).I wonder if anyone that argued how they used a brilliant formula will admit to being wrong? Of course not.
And for anyone that didn't go to the Tweet, they also slapped 10% on countries we have a surplus. To drive that home,
The US has a trade surplus in goods with the UK of $11.9bn compared with imports of $68.1bn and US exports to the UK of $79.9bn.That leaves the US charging a 15pc tariff “rate” on the UK.The simple maths behind Trump’s ‘sum of all cheating’ tariffs claim
Donald Trump claimed he was being “kind” when he announced the biggest shift in US trade policy in a century.www.yahoo.com
Assuming a recession doesn't happen and generous estimates in DOGE cuts and tariffs revenues were about 25% of the way to balancing the budget. Of course both have went over like diarrhea in a wind storm. Austerity isn't happening. These b#tches are printing. All paths still lead to my big beautiful Bitcoin.
That's one of the problems. The US doesn't even try to compete at the low end. Many countries simply cannot afford to buy American. Or we just don't produce what they want. American SUVs just do not do well on small roads in the UK.
One can go to the Wiki page below and sort by tariff rate. The US is FAR from the bottom. We have the 63rd lowest tariff rate, or 58th depending on which measurement one uses. So maybe we aren't as aggrieved as some want to believe?
List of countries by tariff rate - Wikipedia
en.wikipedia.org
The US should not be making t shirts. In fact, the US won’t be making t shirts. Bangladesh does however make t shirts. They do so cheaply and we import a lot of those t shirts. The t shirts will now just be more expensive and the US will continue not making t shirts.
No, they are made up numbers, pure and simple
It's like declaring that IU's men's basketball team won 30 games this year.
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I call BS on gradually eroding our competitiveness. It will hurt U.S. consumption, but will make them more competitive.
They won way more than 30 games.....when they played against each other in practice.
You and murt. I know you're married so you've got limitations.
The best way to describe it most of hte time is.....efficient.
Well, technically they did use a "formula" to come up with the tariff rate for each county. But, they flat out lied about how they came up with those rates.
Imagine if the NCAA tournament committee picked the 68 teams based on the average height of each team yet claimed they picked the 68 best teams even after people figured out how they did it.
If the U.S. cut off all goods imports (we're not) it would cause a global recession and possible depression. They wouldn't make up their trade losses in a year. Simon isn't very thoughtful on his predictions. They're silly. I do agree with the notion the world will move forward and predictions of the world ending is way overblown.
You really are a renaissance man and godsend. One day you're educating me on bok choy and now this.
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